The Two Biggest Issues The Housing Market is Facing Right Now
/What a ride the last few years in real estate have been! While buyer competition has lessened, that doesn't necessarily mean that homes have been easy to come by -- or get into. But WHY?
Let's break it down: the BIGGEST challenge the housing market is facing overall is how few homes there are for sale; AKA "low inventory" continuing to be at play, making us collectively recall those fundamental supply and demand economics classes of our youths.
As the Baby Boomer generation gracefully ages, their housing decisions are poised to shape the real estate landscape for years to come. With the youngest Boomers hitting 60 this year, and older Boomers reaching their golden years, the lifestyle choices of this generation will have a massive impact on the U.S. economy and the housing market.